Losses of $306K on revenue of $620K. Almost 50% loss. $18K in cash and cash equivalents. Management team down to CEO and CFO according to web site. A weak bench and balance sheet for a technology/R&D company.
Well, there were only three in the management team after Ehrenberg left. Their VP of Sales is now with Multistack but still in Tampa (job desc below). Yeah, $18,000 though. I've walked out of racetracks with more than that in my pocket.
Airside Business Team Leader
Privately Held; 51-200 employees; Machinery industry
January 2013 – Present (5 months)
Originators, Innovators, Never the Imitators… Growing the company in a new direction - The Airside business of HVAC. Using proven nanotechnology, ConsERV energy recovery ventilators, reduce the energy we use and improve the indoor air quality we breathe, while offering an attractive return on investment. Distributing our solutions via key strategic relationships. Manufacturing a quality product in the USA.
Joyce Conner-Boyd , was appointed Chief Operating Officer in March of 2013. Prior to accepting this position, she served as Senior Vice President of Vertical Domains for SoftServ Inc. From 1995 to 2010, Ms. Conner-Boyd was employed by HealthPort Technologies, (formerly Smart Document Solutions), in various executive roles specializing in performance improvement and strategic operations.